DSG Capital Advisors LLC Takes Position in Constellation Brands, Inc. (NYSE:STZ)

DSG Capital Advisors LLC acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,486 shares of the company's stock, valued at approximately $328,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock worth $204,265,000 after buying an additional 876,745 shares in the last quarter. Copperleaf Capital LLC purchased a new position in Constellation Brands during the fourth quarter worth approximately $343,000. Empowered Funds LLC lifted its position in Constellation Brands by 62.8% during the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock worth $3,663,000 after buying an additional 6,391 shares in the last quarter. Southern Style Financial Inc. purchased a new position in Constellation Brands during the fourth quarter worth approximately $3,074,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Constellation Brands by 29.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,021 shares of the company's stock worth $3,566,000 after acquiring an additional 3,660 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now directly owns 3,126 shares of the company's stock, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.19% of the company's stock.

Constellation Brands Stock Down 0.9%

STZ traded down $1.61 on Friday, hitting $178.10. 3,033,821 shares of the company were exchanged, compared to its average volume of 1,772,571. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $184.91 and a two-hundred day moving average price of $195.97.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.26 EPS. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands's dividend payout ratio is currently -800.00%.

Analysts Set New Price Targets

STZ has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Barclays lifted their price objective on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Finally, Royal Bank of Canada dropped their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Constellation Brands currently has a consensus rating of "Moderate Buy" and an average target price of $225.74.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.